Stock futures slip ahead of jobs report with Wall Street’s 9-week winning streak in

An Hour Ago

Stock futures turn lower

7 Hours Ago

Philippine December inflation hits near 2-year lows

Philippine Inflation in December cooled at a faster pace than the month before, according to official data.

Consumer prices rose 3.9% in December, lower than the 4.1% increase in the prior month. It was also the slowest pace of price increases since since February 2022, and the the third straight easing in CPI.

Inflation is still, however, higher than the Bangko Sentral ng Pilipinas’ target range of 2%-4%.

“The downtrend in the overall inflation in December 2023 was primarily brought about by the lower year-on-year growth in the index of housing, water, electricity, gas and other fuels at 1.5 percent in December 2023 from 2.5 percent in the previous month,” according to the official release.

— Shreyashi Sanyal

10 Hours Ago

Japan December composite PMI signals contraction in private sector activity is over

A survey showed on Friday that the contraction in Japan’s private sector activity was over.

The au Jibun Bank Japan composite PMI for December came in at 50, rising from 49.6 in the prior month to signal stabilization in Japan’s private sector output.

A PMI reading above 50 signifies expansion, while numbers below that show contraction.

December saw higher services sector growth, but manufacturing activity continued to slow.

The au Jibun Bank Japan services PMI was at 51.5 in December, up from 50.8 in November. The expansion was the second-weakest recorded in 2023.

“A faster rise in new business was a key factor in driving business activity growth higher, as firms cited increased customer numbers,” the survey said.

Japan’s Nikkei 225 index edged 0.3% higher on Friday.

— Shreyashi Sanyal

11 Hours Ago

Peloton continues to surge after announcing TikTok partnership

Shares of Peloton rose 6% in after hours trading as investors continued to cheer the fitness company’s new partnership with TikTok.

The collaboration includes a new fitness hub on the social media app, with content created by Peloton instructors.

The move builds on a gain of nearly 14% during Thursday’s regular trading session.

See Chart…

Shares of Peloton surged on Thursday and continued to rise after the close of regular trading.

12 Hours Ago

Stock futures open slightly higher Thursday night

U.S. stock futures ticked higher on Thursday evening.

Futures linked to the S&P 500 gained 0.1%, as did futures tied to the Nasdaq 100. Dow Jones Industrial Average futures added 53 points, or about 0.1%.

The three major averages are all on pace for weekly losses.

— Darla Mercado

12 Hours Ago

Major averages poised to snap win streak

Here’s where the major averages stand for the week with one session left:

The Dow is down -0.66% WTD, on pace to break a 9-week win streak
The S&P 500 is down -1.70% WTD, on pace to break a 9-week win streak
The S&P 500 has fallen for four straight sessions for the first time since its 5-day streak ending Oct. 23, 2023
The Nasdaq is down -3.34% WTD, on pace to break a 9-week win streak with its worst weekly performance since the period ending September 2023.
The Nasdaq suffered its fifth negative session in a row for the first time since its 6-day streak ending Oct. 12, 2022.

— Jesse Pound, Christopher Hayes